Good news for any small game development studios or hobby game developers. The Unreal Development Kit is now free to use on the PC platform.
The UDK provides the power of Unreal Engine 3 through thier Unreal Editor and Unreal Scripting language.
We have decided to make use of this engine for a game that we are developing and so far it is proving to be very useful because of the powerful design tools and easy to use scripting language.
I will upload some screenshots of the project as soon as it starts coming together. If you are interested in using the UDK yourself, you can check it out
here